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(Graded) Examine the following summary of the U.S. balance of payments for 2000 (in $ billion) and fill in the blank entries. Credits Debits Current

  1. (Graded) Examine the following summary of the U.S. balance of payments for 2000 (in $ billion) and fill in the blank entries.

Credits

Debits

Current Account

(1) Exports

1,418.64

(1.1)Merchandise

774.86

(1.2) Services

290.88

(1.3) Factor income

352.90

(2) Imports

-1,809.18

(2.1) Merchandise

?

(2.2) Services

-217.07

(2.3) Factor income

-367.68

(3) Unilateral transfer

10.24

-64.39

Balance on current account

?

Capital Account

(4) Direct investment

287.68

-152.44

(5) Portfolio investment

474.59

-124.94

(5.1) Equity securities

193.85

-99.74

(5.2) Debt securities

280.74

-25.20

(6) Other investment

262.64

-303.27

Balance on capital account

?

(7) Statistical discrepancies

?

Overall balance

0.30

Official Reserve Account

-0.30

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